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Zambia is stepping onto the global stage as a key player in the clean energy transition, with a confirmed reserve of 28.0 million pounds of U₃O₈ (triuranium octoxide)—a critical component of the nuclear fuel cycle—at the Muntanga Uranium Project, authorities have said.
Jito Kayumba, Special Advisor to the President for Finance and Investment, said following the latest announcements from Atomic Eagle Ltd, the country is not merely advancing a mining project but making a strategic move toward long-term economic resilience and energy security.
In a statement posted on his Facebook page on April 27, 2026, Kayumba said Atomic Eagle Ltd had de-risked and advanced its flagship Muntanga Uranium Project, establishing it as a strong mid-tier asset in Africa’s emerging uranium pipeline.
“The company reported a confirmed reserve of 28.0 million pounds of U₃O₈ (triuranium octoxide), the foundation of the nuclear fuel cycle,” he said.
Kayumba noted that the reserve is based on 39.6 million tonnes grading at 320 parts per million U₃O₈, supported by a rigorous feasibility study and independent engineering reviews.
While describing the ore reserve as a significant win for investors, Kayumba said the broader significance lies in its implications for Zambia’s sovereign energy security.
“Historically, Zambia has relied heavily on hydropower. While incredibly green, this reliance has exposed the national grid to severe vulnerabilities during prolonged droughts and shifting climate patterns,” he said.
According to Kayumba, to guarantee stable baseload power for industrial growth and citizens, Zambia must diversify its energy mix.
He said that by unlocking domestic uranium reserves, Zambia positions itself within the global nuclear energy supply chain.
“Looking long-term, having a secure, domestic supply of uranium is the critical first step for any nation exploring nuclear energy as a viable domestic baseload power source,” Kayumba said.
He added that this would generate strong export revenues that could be reinvested into modernising and diversifying the domestic power grid, including solar, wind, and improved transmission infrastructure.
Kayumba said Atomic Eagle’s milestone at Muntanga goes beyond a successful feasibility study, describing it as a catalyst that positions Zambia not only as a resource supplier but also as a forward-looking nation securing a diversified, climate-resilient energy future.
The Muntanga Uranium Project is located between Siavonga and Chirundu districts in Southern Province.
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